West County Bank agrees to lend Cullumber Company $424000 on January 1 Cullumber Company signs a $424000, 6 , 6 month note What is the adjusting entry required if Cullumber Company prepares financial statements on March 30 Interest Payable 6360 Interest Expense 6360 Interest Expense 12720 Interest Payable 12720 Interest Expense 6360 Interest Payable 6360 Interest Expense 12720 Cash 12720

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West County Bank agrees to lend Cullumber Company $424000 on January 1. Cullumber Company signs a $424000, 6%, 6-month note. What is the adjusting entry

West County Bank agrees to lend Cullumber Company $424000 on January 1. Cullumber Company signs a $424000, 6%, 6-month note. What is the adjusting entry required if Cullumber Company prepares financial statements on March 30?

Interest Payable	6360
Interest Expense		6360

Interest Expense	12720
Interest Payable		12720

Interest Expense	6360
Interest Payable		6360

Interest Expense	12720
Cash		12720

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